SPS Commerce, Inc. (NASDAQ:SPSC) CEO Sells $1,160,509.91 in Stock

SPS Commerce, Inc. (NASDAQ:SPSC) CEO Chadwick Collins sold 6,839 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $169.69, for a total value of $1,160,509.91. Following the sale, the chief executive officer now directly owns 54,446 shares in the company, valued at $9,238,941.74. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

SPS Commerce Stock Up 0.9 %

Shares of SPSC stock opened at $185.27 on Friday. SPS Commerce, Inc. has a 12-month low of $160.58 and a 12-month high of $218.74. The firm has a 50-day moving average price of $188.32 and a 200 day moving average price of $190.80. The company has a market capitalization of $6.96 billion, a P/E ratio of 88.65 and a beta of 0.84.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Thursday, October 24th. The software maker reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.09. The company had revenue of $163.69 million during the quarter, compared to the consensus estimate of $160.30 million. SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. The firm’s revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.53 earnings per share. As a group, research analysts expect that SPS Commerce, Inc. will post 2.39 earnings per share for the current year.

Hedge Funds Weigh In On SPS Commerce

Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its holdings in SPS Commerce by 15.9% during the 1st quarter. BNP Paribas Financial Markets now owns 38,749 shares of the software maker’s stock worth $7,165,000 after acquiring an additional 5,306 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in SPS Commerce by 18.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 2,388 shares of the software maker’s stock valued at $442,000 after purchasing an additional 377 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of SPS Commerce in the 1st quarter worth $107,000. Texas Permanent School Fund Corp grew its stake in shares of SPS Commerce by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 32,118 shares of the software maker’s stock worth $5,939,000 after acquiring an additional 416 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of SPS Commerce by 8.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 7,838 shares of the software maker’s stock worth $1,449,000 after acquiring an additional 581 shares in the last quarter. 98.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Stifel Nicolaus boosted their price target on SPS Commerce from $240.00 to $250.00 and gave the company a “buy” rating in a report on Friday, October 25th. DA Davidson upped their target price on shares of SPS Commerce from $225.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Northland Capmk lowered shares of SPS Commerce from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 29th. Needham & Company LLC restated a “buy” rating and issued a $230.00 price target on shares of SPS Commerce in a research note on Friday, October 25th. Finally, Northland Securities cut shares of SPS Commerce from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $205.00 to $209.00 in a report on Monday, July 29th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $223.63.

SPS Commerce Company Profile

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.